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BUSINESS

BAY cuts a deal to gain access to Grab clients

Business, Somruedi Banchongduang, Published on 24/02/2020

» Bank of Ayudhya (BAY), the country's fifth-largest bank by assets, will take part in parent Mitsubishi UFJ Financial Group's (MUFG's) massive investment deal in Grab, in a move to gain greater access to customers through the Southeast Asian ride-hailing giant's platform.

BUSINESS

Leading by example

Business, Pitsinee Jitpleecheep, Published on 24/02/2020

» With growing awareness about the threat of climate change and the greenhouse effect, the international community is trying to come up with urgent action, particularly through the Paris Agreement, leading multinational companies in Thailand and local food and coffee chains to gear up to keep abreast of such changes.

BUSINESS

Carlos Ghosn's New Life in Exile

Business, Nick KostovSean McLain, Published on 24/02/2020

» As dusk settled over the capital of Lebanon, Carlos Ghosn took a seat in the back corner of a dimly lit restaurant a short walk from his house. A waiter approached. In Arabic, Mr. Ghosn ordered an espresso.

BUSINESS

EU eyes FTAs with Asean as a whole

Business, William Hicks, Published on 24/02/2020

» The EU has expressed interest in pursuing a number of free trade agreements (FTAs) in the region, not only with Thailand but eventually with Asean as a whole, says EU-Asean Business Council Chairman Donald Kanak.

BUSINESS

Mercedes-Benz preps BEV for next year

Business, Piyachart Maikaew, Published on 24/02/2020

» Mercedes-Benz Thailand plans to begin local production of the first battery electric vehicle (BEV), the EQC, in 2021 after the car maker agreed with the Board of Investment (BoI) to import the first batch to be sold here this year.

LIFE

5G is about to be real

Business, Komsan Tortermvasana, Srisamorn Phoosuphanusorn and William Hicks, Published on 24/02/2020

» After years of hype, hope and techno-futuristic promises, Thailand will finally see the beginnings of the fifth generation of wireless broadband as the nation's telecoms bet big on 5G.

BUSINESS

FTI mulls lowering food export outlook

Business, Lamonphet Apisitniran, Published on 24/02/2020

» The Federation of Thai Industries (FTI) aims to downgrade its 2020 export projection for food products after witnessing a huge impact from the coronavirus outbreak, largely affecting overseas shipments to China.

BUSINESS

Finance Ministry earmarks B100bn for tourism

Business, Wichit Chantanusornsiri, Published on 24/02/2020

» The Finance Ministry is preparing to offer 100 billion baht in soft loans as a lifeline to coronavirus-ravaged tourism operators as part of new relief measures that will seek the cabinet's approval by early March.

BUSINESS

SET upbeat on IPO market outlook for the year ahead

Business, Nuntawun Polkuamdee, Published on 24/02/2020

» Despite a host of growing uncertainties, Thailand's IPO market outlook this year remains on track, though market conditions will determine the listing timing, says the Stock Exchange of Thailand (SET).

BUSINESS

GH Bank to launch debt rejig scheme

Business, Wichit Chantanusornsiri, Published on 24/02/2020

» State-owned GH Bank plans to introduce a new debt restructuring scheme, including a penalty interest haircut and interest payment deferrals, in April to help turn around bad loans.